For a new project, Armstead Inc. had planned on depreciating new machinery that costs $300 million on an accelerated basis according to the following depreciation schedule: The project for which the machinery has been purchased ends in four years, and as a result the machinery is going to be sold at its salvage value of $52,000,000. Under this accelerated depreciation method, what is the after-tax salvage value of the equipment at the end of Year 4? Assume the firm's tax rate is 40%. a. $600,000 b. $33, 600,000 c. $50, 600,000 d. $51, 600,000 e. none of the above